A Temporary Factor- Price Differential Is One Which

question 98

Multiple Choice

A temporary factor- price differential is one which

• A)derives from intrinsic differences in the factors themselves.
• B)is seldom self- eliminating.
• C)will tend to be eliminated in the long run.
• D)will hamper the reallocation of resources from declining to growing industries.
• E)will reflect a permanent state of disequilibrium.

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Definitions:

Need for Achievement

A psychological trait that drives individuals to achieve goals and excel in their endeavors.

Desire to Excel

The strong motivation or ambition to surpass others or oneself in performance or achievement.

Acquired Needs Theory

A motivational theory that categorizes an individual's specific needs into three categories: achievement, affiliation, and power.

Need for Achievement

The motivation to excel, to achieve in relation to a set of standards, or to be successful in competitive situations.